Forex_Fox

Forex_Fox

After a beautiful Elliot impulse, followed by ADA respecting the corrective contracting triangle ABCDE. The Last Leg E was interrupted due to the btc mania that went on today, with price breaking up and setting some ugly bearish divergence on the macd and rsi which could have been avoided if we finished leg E. This makes me think that this move was a little...

Forex_Fox

ADA Idea. Not investment advice. note: A break below lower trendline, due to a major btc drop, could see us testing btw 27-28cents, which would probably be a spring board type event double bottom, we wont stay at those prices for long if it does happen.

Forex_Fox

I am quite bullish on ada. After bouncing off lower trendline after correction, I am waiting for a break of the down trend for price to either flythrough the upper trendline straight to 41 cents or to retest trendline and find support at the 34 cent level before moving higher. (Which depends on how much volume we get) Just my opinion. Not financial advice.

Forex_Fox

BTC has touched the top of its large ascending broadening triangle structure for the second time, similar to previous price action noted on the chart. Taking past action into account, this is a likely path, moving along the upper triangle resistance until a decent retrace to test both the bottom triangle support line, and likely the neckline break of 20000...

Forex_Fox

An idea of where price could head in short term

Forex_Fox

Idea

Forex_Fox

Price broke below the cloud but the lagging line clearly bouncing off the cloud, trend reversal not confirmed. Good entry for trend continuation.

Forex_Fox

BTC is about to have a major correction, as the big money looks to take profits. TA shows overextended price with clear divergence on the bb%.

Forex_Fox

Statistics for the rounding bottom: - In 62% : there is a bullish reversal - In 86% : the exit is upward - In 40% : a pullback occurs on the neckline Entry: Take a long position at the breakout of the neckline Stop: The stop is placed below the neckline

Forex_Fox

Possible Bearish Gartley - Pending positive news for the GBP will probably disrupt the pattern. Just for information purposes.

Forex_Fox

Hit the 618 fib retracement area which has a high probability of bouncing back up. It has also hit the high volume node from the previous large balance also suggesting a bounce back up.

Forex_Fox

Waiting to confirm 3rd bounce or break.

Forex_Fox

I remain neutral for now, If scenario1 occurs, Potentially a nice big chunk. Scenario 2: I will be looking to fade the key areas. Scenario 3: I will take a further look, caution

Forex_Fox

Currently at 1.22 area. Price was broken earlier and switfly came to retest. My preference would be to short following a decisive break below 1.22